Can MNKD be heading for a run up to $8.40's

2021年9月25日

MNKD has been consolidating for want seems to be forever, but since April of 2020 it's been catching a little bit of a pump which peaked sometime in March of this year. Since then it has created a symmetrical triangle. On its own a symmetrical triangle does not mean much, but if we look at other indicators like the weekly 200 MA, together with the RSI and the price action, we can try to put something together. What is showing us it that the price has been able to close above the 200 weekly MA for over 15 weeks in a roll. At the same time the 50 EMA on the weekly chart seems to be getting close to going over the 200 EMA and forming a GOLDEN CROSS. This still has not been confirmed, but as long as MNKD price can stay over $3.86, there is a good chance a run up to $8.90's is very possible.